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The market-leading oil and gas practice Our global oil and gas team is made up of acknowledged legal experts in the oil and gas industry. This is reflected in our current “Tier-1”ranking as an oil and gas firm by legal directories.

A review of the Equator Principles (EPs) has made recommendations to change a number of aspects of the EPs framework and these could have a significant impact on finance transactions. In particular, use of the EPs could extend beyond pure project finance to corporate...

Direct expropriation or nationalisation is on the rise again. In mid-April, Argentina dramatically announced the nationalisation of most of Repsol's 57.4% stake in Argentina's biggest oil group, YPF. YPF's interests include rights to the valuable...

The oil and gas sector is undergoing a significant transformation as it responds to various complex challenges arising from increasing political risk, tighter access to debt finance and the need to invest in new technologies. The impact of political risk, such...

Myanmar (Burma) possesses large reserves of natural resources, with significant oil and gas fields both on and offshore. Owing to the impact of sanctions and the political climate, only 24 foreign companies, mostly from south east Asia, are operating in the oil...

Policymakers in the United States are spending a great deal of their time during this election year discussing energy production strategy. And although energy has always been a politically emotive issue, it has become an even more significant debating point among...

Australia's Minerals Resource Rent Tax in force from July 2012 On 19 March 2012, the Australian Parliament passed legislation for a mining tax on iron ore and coal. The new tax, known as the Minerals Resource Rent Tax (MRRT), will apply from 1 July 2012. The...

As expected, Chancellor George Osborne confirmed in the Budget the Government's commitment to provide reassurance on the level of tax relief for the cost (estimated to be in the tens of billions) of decommissioning oil and gas fields. This is good news...

Resource nationalism represents a major challenge to investors in resource-rich economies and one that appears to be growing. With some commodity prices at or near record levels, the stakes are higher than ever for both investors and host Governments. With particular...

Our global oil & gas group is made up of acknowledged legal experts in the oil and gas industry. This is reflected in our current “Tier One” ranking as an oil and gas firm in the leading legal directories.